HMDA & CRA Data Analyst

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

POSITION OVERVIEW:

The HMDA & CRA Data Analyst is responsible for collecting, reviewing, and analyzing data from different lending departments, including residential mortgage, consumer loans, small business, and commercial loan data from various internal sources to ensure compliance with Home Mortgage Disclosure Act (HMDA), Community Rein-vestment Act (CRA), and 1071 Small Business Lending regulations, identifying potential issues with data integri-ty, and working with relevant departments to rectify discrepancies, ultimately producing accurate reports for regulatory submissions. 
This position is also responsible for assisting with internal data analysis and reporting and maintaining docu-mentation regarding Community Development activities that will impact the CRA Compliance Program. 

The ideal candidate will have a strong understanding of federal and state law regulations such as Home Mort-gage Disclosure Act (HMDA), Community Reinvestment Act (CRA), 1071 Small Business Lending and other appli-cable laws including the Equal Credit Opportunity Act (ECOA) and Fair Housing Act (FHA). Additionally, the can-didate must possess a strong understanding of the detail information that needs to be captured by HMDA, CRA, and 1071-SB Lending regulations including applicant demographics, loan details, action taken on the application and other regulatory data fields mandated by HMDA, CRA, and 1071-SB Lending regulations. 
 

KEY RESPONSIBILITIES:

• Perform quality control, second line reviews, and data scrubs on all CRA and HMDA data streams in-cluding but not limited to HMDA- Mortgage Lending, CRA Lending, 1071-SB Lending.

• Perform credit or lending data entry into the compliance software.

• Provide a clean Loan Application Register (LAR) 30 days after quarter end for analysis of HMDA and CRA data. 

• Provide monthly data reporting from compliance software. 

• Provide quarterly benchmark reports vital for management reporting. 

• Assist to log, track and resolve errors on data.

• Lead second line data quality and integrity reviews of first line data.

• Maintain procedural manuals, job aides, and tools.

• Other compliance-based monitoring duties to be determined.

• Contribute to other areas, as needed.

• Work closely with the CRA Officer Chief Compliance Officer and Fair and Responsible Banking Officer to address HMDA, CRA, and Fair Lending concerns and assist in developing strategies for improve-ment.  Participate in community outreach initiatives to promote CRA activity. 

• Assist in developing and delivering training programs to Bank staff on HMDA, CRA, and 1071-SB Lending laws, regulations, and best practices. Serve as a resource for staff questions regarding HMDA, CRA, and 1071-SB Lending issues and policies as well as a resource for regulatory matters and compliance related initiatives and responds to questions from business line regarding interpretations of regulatory requirements and applicable guidance.  

• Proficient in utilizing statistical analysis tools such as QuestSoft, CRA Wiz, and NContracts software.

• Support the Compliance team in preparing for and managing Compliance audits and examinations and tracking any noted exceptions and execute remediation plans. 

• Maintain and enhance knowledge of regulatory compliance requirements by participating in workshops, webinars, conferences, and meetings.

• Perform special projects and additional duties and responsibilities as assigned by the CRA Officer and/or Chief Compliance Officer.  •  

MINIMUM QUALIFICATIONS:

•  Ability to work independently and in collaboration with other team members and external partners
• Banking experience and/or general knowledge of banking regulations a plus
• Ability to effectively communicate with stakeholders
• Expert knowledge and skillset of all applicable HMDA and CRA laws, rules, and regulations, including, but not limited to, Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), Equal Credit Op-portunity Act (ECOA), Fair Credit Reporting Act (FCRA), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) and State and local Fair Lending Laws and Regulations. 
• Expert knowledge of bank regulatory examination procedures and techniques including preparation and submission of the Loan Application Register (LAR), including applicant demographics, loan details, and action taken on the application as mandated by HMDA, CRA, and 1071-SB Lending regulations.
• Working knowledge of banking operations and banking policies and procedures.
• This position requires a strong analytical background, excellent problem-solving skills, self-motivated and the ability to work with complex datasets.
• Basic knowledge of and proficiency with Microsoft Word and Excel is required. 

EDUCATION

•  Bachelors Degree or 5 years of relevant work experience in a corporate compliance function

WORKING CONDITIONS:

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

Prolonged sitting

Lifting from 5 to 10 lbs. (printer paper, storage boxes)

Occasional bending or overhead lifting (storing files or boxes)

The hazards are mainly those present in a normal office setting

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.                                                                                         

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.